US Treasury’s Janet Yellen says Congress needs to fund debt relief programmes for poor countriesUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostUS Treasury Secretary Janet Yellen told politicians on Thursday that debt relief for poor and developing countries would be hampered without new funding, while US$2.7 billion in current unmet US commitments to the World Bank, International Monetary Fund and other institutions would grow.Yellen, in prepared remarks to a US House of Representatives Appropriations subcommittee, said that the G20 Debt Service Suspension Initiative for poor countries and a new debt restructuring “Common Framework”…Read More

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